Electric vehicle appetite to hit 100 per cent by 2020, industry predicts

The appetite for electric vehicles is anticipated to hit 100 per cent within the next ten years as their costs decrease to less than a quarter of petrol-fuelled cars, according to key industry players.

‘There will be a 100 per cent appetite for electric vehicles by 2020,’ said Better Place CFO Charles Stonehill while speaking at the Envirotech & Clean Energy Investor Summit on Thursday.

Comparing electric vehicles to an Apple iphone, Stonehill said that people do not know what they are missing until they own an electric car, with Tesla’s Cristiano Carlutti calling buying an electric vehicle ‘an emotional choice’.

At between 20 and 25 per cent of the cost of alternatives, appetite will rise as electric vehicles attain increasing ubiquity, the industry predicts.

Electric vehicle appetite to hit 100 per cent by 2020, industry predicts | Electric Vehicle News